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Idea Cellular Ltd (IDEA.NS)

IDEA.NS on National Stock Exchange of India

94.40INR
15 Dec 2017
Change (% chg)

Rs0.45 (+0.48%)
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Rs93.95
Open
Rs94.95
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Rs94.00
Volume
925,045
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13,417,016
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Rs123.50
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Rs66.30

Latest Key Developments (Source: Significant Developments)

Bharti Airtel adds 3.1 mln subscribers in Oct - industry body
Tuesday, 21 Nov 2017 04:47am EST 

Nov 21 (Reuters) - Cellular Operators Association of India::Bharti Airtel Ltd adds 3.1 million subscribers in October - industry body.Vodafone India unit adds 879,413 subscribers in October- industry body.Idea Cellular Ltd adds 713,408 subscribers in October- industry body.Aircel loses 497,264 mobile subscribers in October- industry body.Telenor India unit loses 1.1 million subscribers in October - industry body.  Full Article

Vvodafone India, Idea Cellular to sell standalone tower businesses in India to ATC Telecom Infrastructure
Monday, 13 Nov 2017 02:00am EST 

Nov 13 (Reuters) - VODAFONE GROUP PLC ::‍VODAFONE INDIA & IDEA - SALE OF STANDALONE TOWERS​.‍VODAFONE INDIA, IDEA CELLULAR TO SELL STANDALONE TOWER BUSINESSES IN INDIA TO ATC TELECOM INFRASTRUCTURE FOR ENTERPRISE VALUE OF INR78.5 BILLION​.‍IDEA WILL SELL ITS ENTIRE STAKE IN ICISL AND VODAFONE INDIA WILL SELL A BUSINESS UNDERTAKING TO ATC TIPL​.  Full Article

India's Idea Cellular posts Sept-qtr consol loss
Sunday, 12 Nov 2017 10:43pm EST 

Nov 13 (Reuters) - Idea Cellular Ltd ::Sept quarter consol net loss after tax 11.07 billion rupees versus profit of 915 million rupees last year.Consensus forecast for Sept quarter consol loss was 11.25 billion rupees.Sept quarter consol revenue from operations 74.66 billion rupees versus 93 billion rupees last year.Sept quarter ARPU 132 rupees.Net debt as on Sept 30, 2017 541 billion rupees.  Full Article

American Tower to buy tower businesses from Vodafone India and Idea Cellular
Sunday, 12 Nov 2017 10:37pm EST 

Nov 12 (Reuters) - American Tower Corp -:American Tower announces entry into agreements to acquire tower businesses from Vodafone India and Idea Cellular.Deal ‍expected to generate abt $320 million in property revenue, abt $120 million in gross margin during their first full year​.‍SG&A associated with assets is expected to be less than about $10 million for first year​.‍Cash consideration for deal is expected to to be about $1.2 billion​.  Full Article

Idea Cellular, Vodafone India to sell standalone tower business to ATC Telecom Infrastructure for enterprise value of 78.5 bln rupees‍​
Sunday, 12 Nov 2017 10:32pm EST 

Nov 13 (Reuters) - Idea Cellular Ltd ::Approved sale of co's standalone tower business held by Idea Cellular Infrastructure Services to ATC Telecom Infrastrucure Pvt Ltd‍​.Sale expected to be completed during first half of 2018.Vodafone India & co separately agreed to sell their standalone tower business in India to ATC Telecom Infrastructure for enterprise value of 78.5 billion rupees.Vodafone India will sell a business undertaking to ATC TIPL.  Full Article

Nokia to help Idea Cellular meet bandwidth demand
Wednesday, 27 Sep 2017 03:34am EDT 

Sept 27 (Reuters) - Nokia ::To help Idea Cellular meet bandwidth demand by deploying 1830 photonic services switch based wavelength division multiplexing (WDM) solution​.  Full Article

Idea Cellular says proposed MTC reduction by TRAI a "body blow" to all operators
Thursday, 21 Sep 2017 08:29am EDT 

Sept 21 (Reuters) - Idea Cellular Ltd ::Says "proposed reduction by the TRAI in the mobile termination charge (MTC) is a body blow to all operators".Says TRAI decision "will negatively impact the already stressed financial health of the sector"‍​.Says "expects that the TRAI decision will be recalled".  Full Article

Bharti Airtel loses 206,251 subscribers in August - industry body
Tuesday, 19 Sep 2017 05:34am EDT 

Sept 19 (Reuters) - Cellular Operators Association of India::*Bharti Airtel Ltd loses 206,251 subscribers in August, total mobile subscribers at Aug end 281 mln - industry body.*Vodafone India loses about 2.4 mln subscribers in August, total mobile subscribers at Aug end 208.1 mln - industry body.*Idea Cellular Ltd loses about 2.9 mln subscribers in August, total mobile subscribers at Aug end 191.1 mln - industry body.*Aircel loses 785,896 mobile subscribers in August, total mobile subscribers at Aug end 89.1 mln - industry body.*Telenor India unit loses 111,094 subscribers in August, total mobile subscribers at Aug end 47 mln - industry body.  Full Article

Idea Cellular shareholders, creditors to consider amalgamation of co with Vodafone Mobile Services, Vodafone India
Friday, 8 Sep 2017 07:41am EDT 

Sept 8 (Reuters) - Idea Cellular Ltd ::As directed by NCLT, shareholders, creditors to meet to consider amalgamation among Vodafone Mobile Services, Vodafone India and co.  Full Article

Indus Towers signs MoU with Indian Oil Corp
Wednesday, 6 Sep 2017 06:12am EDT 

Sept 6 (Reuters) - Indus Towers ::Signed MoU with Indian Oil Corp for setting up mobile tower network across all 26,000 outlets pan-India..  Full Article

UPDATE 1-India's top court allows Vodafone to begin second arbitration in $2 bln tax dispute

NEW DELHI/MUMBAI, Dec 14 India's top court on Thursday allowed Britain's Vodafone to initiate a second arbitration process under an India-UK investment pact over a long-running $2 billion-plus tax dispute with New Delhi.

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